SEC Form 4 · accession 0001209191-16-139077
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl D D'Alessandro
Officer — President, Critical Networks
Period of report
Aug 26, 2016
Accepted (ET)
Aug 30, 2016 · 12:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000202058
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $1.00F1 | Aug 26, 2016 | M | 2,200 | $0.00 | A | 10,397 | D | |
| Common Stock, Par Value $1.00F2 | Aug 26, 2016 | A | 1,047 | $0.00 | A | 11,444 | D | |
| Common Stock, Par Value $1.00F3 | Aug 26, 2016 | F | 1,363 | $90.84 | D | 10,081 | D | |
| Common Stock, Par Value $1.00F1 | Aug 26, 2016 | M | 320 | $0.00 | A | 2,345 | I | by Spouse |
| Common Stock, Par Value $1.00F2 | Aug 26, 2016 | A | 152 | $0.00 | A | 2,497 | I | by Spouse |
| Common Stock, Par Value $1.00F3 | Aug 26, 2016 | F | 138 | $90.84 | D | 2,359 | I | by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | $0.00 | Aug 26, 2016 | M | 2,200 | D | — | — | Common Stock, Par Value $1.00 | 2,200 | 0 | D |
| Performance Stock UnitsF1 | $0.00 | Aug 26, 2016 | M | 320 | D | — | — | Common Stock, Par Value $1.00 | 320 | 0 | I |
| Non-Qualified Stock Option (Right to Buy)F4 | $90.84 | Aug 26, 2016 | A | 19,860 | A | Aug 26, 2019 | Aug 26, 2026 | Common Stock, Par Value $1.00 | 19,860 | 19,860 | D |
| Performance Stock UnitsF5 | $0.00 | Aug 26, 2016 | A | 3,070 | A | — | — | Common Stock, Par Value $1.00 | 3,070 | 3,070 | D |
Explanation of responses
- F1This transaction represents the settlement of vested performance stock units in shares of common stock. These were performance stock units granted on 8/23/13 that vested on 7/1/16 and were paid in shares of common stock on 8/26/16. Each performance stock unit represents a contingent right to one share of the Issuer's common stock. The performance stock unit grant was previously reported.
- F2Increase in vested performance stock units granted 8/23/2013 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/26/16.
- F3Shares withheld by company to pay tax liability on vesting of performance stock units previously awarded.
- F4Of the 19,860 options granted on this 8/26/16 stock option, 6,620 options become exercisable on 8/26/17, an additional 6,620 options become exercisable on 8/26/18, and the remaining 6,620 options become exercisable on 8/26/19.
- F5Each performance stock unit represents a contingent right to one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 7/2/16. The 3,070 performance stock units will vest on 6/28/19. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney